Italy Gaming Reforms to Slash iGaming in Half
Summary
Italy’s recent reforms in the gaming sector are set to halve the number of iGaming operators in the country. This has emerged from the Customs and Monopolies Agency’s conclusions after a tender process suggesting a significant reduction in active operators, aiming to consolidate and strengthen the sector.
Key Points
- The number of iGaming operators in Italy may decrease from 81 to 33.
- The newer tender attracted about 50 applications compared to 93 in the previous round.
- The reforms include a hefty upfront licensing fee of EUR 7 million and increased gross gaming revenue taxes (24.5% for sportsbooks and 25.5% for online casinos).
- New measures focus on enhancing player protection and responsible gambling initiatives.
- These regulations will tighten the requirements for iGaming operators to promote safer gambling practices.
Why should I read this?
If you’re in the gaming sector or simply curious about how regulatory changes can reshape an industry, this article hits the nail on the head! Italy’s approach could set a precedent for other countries, so grab a coffee and get the lowdown on how this could affect the gaming landscape both locally and abroad.